US CLO triple As reach 225bp as CIFC prints sixth deal of the year
CIFC Asset Management printed its sixth US new issue of the year yesterday, pairing with Morgan Stanley on the $392.3 million transaction

US CLO pipeline: like a (Center)bridge over troubled water
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges 

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

Ucits at a glance: LBBW shines as Ucits take a turn for the worse
Ucits fund returns

CLOs at a glance (July 2022)
A listing of CLOs that have priced in the last month
 
 

   

Investors approve CIFC European CLO key person replacements
Control investors in CIFC CLOs have approved the two key person replacements for Dan Robinson and Damien Mount, proposed by the firm last month

CLO PM lands at Silver Point to launch business
Silver Point Capital is continuing its expansion into CLO management with sources indicating the firm wants to launch a broadly syndicated CLO business

CLO PM departs as CIFC proposes key person replacement
A US CLO portfolio manager at CIFC has parted ways with the firm after 12 years. He had recently been assigned an important task, providing cover for European CLOs

CIFC's 2022 CLO volumes rise to $2.4 billion after fifth new issue
CIFC Asset Management priced its fifth US CLO of the year on Tuesday, growing its 2022 issuance volumes to over $2.4 billion in the process

CIFC fills key European CLO PM role
CIFC Asset Management has hired a European CLO portfolio manager

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

Hopes of full recovery quashed as credit funds struggle
Optimism about a prolonged recovery after credit hedge funds bounced back in March was dashed as 60% of funds in our database recorded negative returns in April.

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

Fund performance: Credit hits another bump in the road after March revival
There was more upheaval for credit funds in April, reversing the mini-recovery in March as 40% of funds made positive returns, a decrease on the 47% in March

Ucits at a glance: Diamond shines after dull start to year
Ucits funds have continued to arrest the slide that followed the dip in February, as 37% of funds in April saw positive returns

Ucits at a glance: Robus stands tall among Ucits funds
27% of Ucits funds had positive returns in March, a slight improvement from 10% in February

CLOs at a glance (May 2022)
A listing of CLOs that have priced in the last month
   

We’re drifting apart
Everyone’s issuing US CLOs these days and it is tempting to believe the crowd of managers is blending into one. However, overall portfolio overlap has dropped to 37.7% across 2021 CLOs  

CIFC partners with Israeli firm on inaugural CLO investment fund
IBI Investment House has partnered with CIFC Asset Management to launch an inaugural CLO fund named IBI CLO Strategies Fund

CIFC prices fourth US CLO of year while Bain prints third
CIFC Asset Management and Bain Capital Credit each priced a new CLO on Wednesday, with the two deals totalling over $1 billion in new issuance

Ucits at a glance: 2022 opens shakily but with a familiar lead
Ucits funds moved slowly into 2022 as 59% made negative returns in January

Fund performance: Groundhog Day as 2021 leaders start strong
CLO funds once again claim the most top performing spots as seven out of 10 funds belong to the category

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

CLOs at a glance
A listing of CLOs that have priced in the last month

CLOs outperform yet again despite tough month for credit
CLOs can do no wrong it seems, and funds that invest in them topped Creditflux’s credit hedge fund rankings once again in January